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Lionel,
I try something much better than MACD.
The combination in this indicator is not the A and Z of T/A.
MACD crossover systems loose steadily -50% or more and it is
something to avoid.
As you see from the example gif of
http://groups.yahoo.com/group/amibroker/message/36592
I try to eliminate delays and stay into the trend as much as possible.
DT
--- In amibroker@xxxxxxxxxxxxxxx, "Lionel Issen" <lissen@xxxx> wrote:
> The MACD combines a fast and slow indicator. It isn't the Holy
Grail,
> under some conditions it fails.
>
> Lionel
>
>
>
> -----Original Message-----
> From: Dimitris Tsokakis [mailto:TSOKAKIS@x...]
> Sent: Friday, March 28, 2003 3:58 AM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Fast OR Slow ? [was TRENDING vs RANGING]
>
>
> Here is my basic thought on the well known delay problem.
> A fast [and smart] indicator will catch the trend ASAP, but it will
> leave the trend prematurely.
> Another slower [and more wise] indicator will loose the early
birds, but
> it will be rewarded with the delayed exit
> and enjoy the sweetest part of the movement.
> Both methods have their plus and minus.
> The ideal combination of two [or more] speeds would include all the
> advantages in one strategy.
> Cond0 is a fast trend detector and gives an entry at A0 and follows
> untill B0.
> Cond1 is a slower detector, the entry is +1 delayed at A1, but the
exit
> is +3 delayed at B1.
> Which is better ?
> There will be many opinions, but any conclusion is related to the
time
> frame the market moves.
> Trends duration is not always the same and, unfortunately, nobody
knows
> it in advance !!
> Just after an 1-bar breath [the white dotted line], the market
decides
> to move higher again for 6 bars.
> My slow indicator gives now a quick entry at A11, the "fast" is not
that
> fast anymore and begins at A00.
> [Fast and slow are not absolute words, as you probably agree...]
> Both indicators agree for a final exit at B00.
> What is the optimal solution ?
> We often read in various T/A books or articles that this is the
destiny
> of any T/A attempt.
> They seem to agree that the "nature" of an indicator is covered by
the
> postulate "fast in/fast out OR slow in/slow out".
>
> I do not like it and I will try to break it.
>
> I need a smart trend detector and a smarter way to COMBINE the fast
and
> the slow rate.
> Do I ask something unrealistic ?
> I would appreciate your opinion.
> Dimitris Tsokakis
> PS
> I think this was the spirit of the beginning of this interesting
thread
> :
> The "eye" would decide immediately "entry at A0/exit at B00".
> I will give it a try.
>
>
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